The Senate yesterday voted 92-7 to pass and send to the president legislation (H.R. 1799) to extend the Paycheck Protection Program through June 30. The president is expected to sign the bill, which will allow applications through May 31. Without the extension, the program would expire March 31. 

The Coronavirus Aid, Relief, and Economic Security Act created the PPP to provide forgivable loans to help eligible small businesses keep workers on the payroll during the COVID-19 emergency. The American Rescue Plan Act provided an additional $7.25 billion for the program and clarified affiliation rules so that 501(c)(3) organizations that employ 500 or fewer employees per physical location are eligible to participate. 
 

Related News Articles

Headline
The Federal Emergency Management Agency is reminding stakeholders that funding is available under FEMA’s Public Assistance program, including for…
Headline
The Centers for Medicare & Medicaid Services today released an interim final rule requiring long-term care facilities in the Medicare and Medicaid…
Headline
The Department of the Treasury yesterday released an interim final rule implementing $350 billion in American Rescue Plan Act funding to help state, local…
Headline
The Food and Drug Administration today announced the expansion of its emergency use authorization for Pfizer’s COVID-19 vaccine to include adolescents ages 12…
Headline
Learn what design and engineering changes are under consideration by hospital and health system leaders like Bradley Pollitt, vice president of facilities at…
Headline
Illinois health care providers may no longer order the monoclonal antibodies bamlanivimab and etesevimab until further notice due to rising prevalence in…